The MIAL bond issuance is likely to close in the next few weeks and has drawn interest from several US-based financial institutions led by Apollo
Adani flagship to raise ₹15,000 crore via share sale; FY25 income crosses ₹1-trillion mark
Q4 FY25 company results today: Aditya Birla Sun Life AMC, Adani Total Gas, AWL, Castrol, and IIFL Securities will be among 49 firms to post earnings reports for the January-March quarter on April 28
The edible oil major saw its revenue rise 36 per cent in Q4 compared to last year
On Friday, Fitch Ratings affirmed Adani Energy Solutions Limited's (AESL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'
Abu Dhabi-based IHC Capital Holding on Wednesday sold more than 84 lakh shares of Adani Enterprises for Rs 1,832 crore through open market transactions. Diversified group IHC Capital Holding through its subsidiaries -- Green Vitality RSC and Green Energy Investment Holding RSC -- offloaded 84.48 lakh shares or 0.73 per cent stake in Adani Enterprises, as per the block deal data on the BSE. The shares were disposed of at an average price of Rs 2,168.1 apiece, taking the combined transaction value to Rs 1,831.82 crore. Meanwhile, Envestcom Holding RSC Ltd sold the same amount of shares in two tranches at the same price. On Wednesday, shares of Adani Enterprises rose 4.57 per cent to close at Rs 2,244.85 apiece on the BSE. Meanwhile, shares of 10 other Adani group stocks also closed higher, with Adani Green Energy surging more than 10 per cent in tandem with a rally in the equity market. On Tuesday, FMCG firm Adani Wilmar announced the acquisition of GD Foods Manufacturing, which se
The acquisition will be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche, and the remaining 20 per cent to be acquired over the next three years
Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets
The edible oil major also said the 'Tops' brand is among the top three players in the tomato ketchup and pickles category
FMCG firm Adani Wilmar Ltd on Tuesday announced the acquisition of GD Foods Manufacturing, which sells food products under the Tops brand. Adani Wilmar sells edible oils and other food products under the Fortune brand. In a regulatory filing, the company informed that it has signed a definitive agreement to acquire G D Foods Manufacturing (India) Private Limited. The acquisition will be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche and the remaining 20 per cent over the next three years. In FY24, GD Foods achieved a revenue of Rs 386 crore, growing at a three-year CAGR of 15 per cent, and recorded an EBITDA of Rs 32 crore. Adani Wilmar said this acquisition offers a strategic advantage by expanding its portfolio with a broad range of value-added food products. Founded in 1984, GD Foods' owned brand "Tops" has built a strong reputation as a household brand in North India over the last 40 years, offering high-quality products in .
The rebranding aims to align the company's identity with its core business activities and future growth prospects in the agri-business industry
Top executives in sectors such as consumer goods and automobiles expect India's plans to cut personal income tax rates
We are considering a couple of options for the name change. And of course, when Adani exists, they would certainly not like to have Adani name being associated with the company, Shrikant Kanhere said
Adani Wilmar on Monday posted over twofold jump in consolidated net profit at Rs 410.93 crore for December quarter 2024-25 on strong edible oil sales. The company had logged a net profit of Rs 200.89 crore in the year-ago period. Total income rose to Rs 16,926 crore during the quarter from Rs 12,887.21 crore in the corresponding period of the previous year, according to a regulatory filing. Revenue from edible oil segment increased to Rs 13,386.71 crore from Rs 9,710.82 crore in the year-ago period. Revenue from 'food and FMCG' segment rose to Rs 1,558 crore from Rs 1,273 crore, while revenue from 'industry essentials' increased to Rs 1,914.59 crore from Rs 1,844.12 crore. Expenses remained higher at Rs 16,379.76 crore as against Rs 12,606.26 crore. Adani Wilmar Managing Director and CEO Angshu Mallick said: "The company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBITDA at Rs 792 crore and PAT at Rs 41
Edible oil firm Adani Wilmar Ltd has commenced operation of its food processing plant at Sonepat, Haryana, which it has established with an investment of nearly Rs 1,300 crore. In a regulatory filing on Thursday, Adani Wilmar said the company has commenced operations at its integrated food processing plant in Gohana, District Sonepat. "This food complex is one of the largest in the country built with a capital outlay of Rs 1,298 crore coming from IPO proceeds," the company said. The plant will help generate 2,000 direct and indirect employment in Haryana. The facility spread across 85 acres, has a total annual production capacity of 6.27 lakh tonnes. The plant will manufacture 4,50,000 tonnes of food products including rice, wheat flour, suji, rawa, and maida, along with 2 lakh tonnes of edible oils such as mustard oil, rice bran oil, and cottonseed oil, apart from Mustard DOC and Ricebran DOC for animal feed. Last month, business conglomerate Adani Group announced its exit from A
The company's stock hit an over two-year low of Rs 267.45, tanking 17% in two days and falling below its floor price of Rs 275 fixed for the offer for sale
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity. Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, completed the offer for sale (OFS) for 13.5 per cent stake in Adani Wilmar to non-retail investors on Friday, according to information available from stock exchange filings. The transaction saw massive demand from a diverse set of marquee international a
Adani Wilmar OFS: Adani Commodities LLP will offlead 13.5 per cent stake via the OFS. It will have the right to sell an additional 6.5-per cent stake
The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price
Stocks to Watch, Jan 6, 2025: From Nykaa to HDFC Bank, here is a list of stocks that will be on investors' radar today